Neway Group Holdings (HKG:0055) expects a loss of about HK$70 million to HK$85 million for 2024, compared with about HK$82.1 million a year earlier, according to a Tuesday filing with the Hong Kong bourse.
The company attributed the expected loss to the fair value losses on held-for-trading investments of about HK$5.2 million and investment properties of about HK$22.2 million, as well as segment losses in property development and manufacturing.
The manufacturers and sellers of printing products plan to publish their finalized results on March. 26.
The company's shares were down almost 2% in the recent trading.
Price (HKD): $0.18, Change: $-0.0030, Percent Change: -1.69%
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